India, Feb. 6 -- The emergence of a double-bottom pattern after a prolonged decline highlights strong buying support at lower levels. A breakout above the neckline signals the potential for a bullish trend reversal.

The double-bottom pattern suggests a potential trend reversal after a prior decline, marked by two similar lows around a key support area. A clear breakout above the neckline indicates strengthening buying interest, signalling waning seller control and the potential for upside momentum to build.

On Thursday, Pidilite Industries Ltd formed a double-bottom pattern on the 1-hour chart and decisively broke above the neckline, backed by improving buying interest. Sustained trading above this level could reinforce upside potential...